Apartment Prices Comparison in Chinese Currency Beijing vs Dubai
Real estate investment is a serious process, and comparing property markets in different countries such as Beijing and Dubai, it becomes a serious process. Below is the comparison of the apartment prices in these two major cities in CNY.
Average Apartment Prices
Beijing:
- City Center: The average price per square meter to buy an apartment in Beijing’s city center ranges between ¥70,000 and ¥100,000.
- Outside City Center: In the suburban areas, prices can be around ¥40,000 to ¥60,000 per square meter.
Dubai:
- City Center: In Dubai, the cost per square meter for an apartment in the city center is approximately ¥45,000 (AED 23,000).
- Outside City Center: Prices outside the city center are roughly ¥25,000 (AED 12,000) per square meter.
Monthly Rent Prices
Beijing:
- City Center: Rent for a one-bedroom apartment is around ¥10,000 to ¥15,000 per month.
- Outside City Center: The rent drops to approximately ¥6,000 to ¥10,000 per month in the suburbs.
Dubai:
- City Center: Rent for a similar apartment in central Dubai can be around ¥20,000 (AED 10,328) per month.
- Outside City Center: In suburban areas, the rent is about ¥11,500 (AED 5,846) per month.
Utilities and Maintenance Costs
Beijing:
- Monthly utility costs for a standard apartment (heating, electricity, water) range from ¥500 to ¥1,000.
Dubai:
- Utility costs in Dubai are significantly higher, averaging about ¥2,000 (AED 950) per month.
Cost of Living
In general, it is not very inexpensive to rent, for example, in Dubai compared to Beijing. Numbeo shows that the cost of living in Dubai is 82% higher than in Beijing. This encompasses the cost of food, transport and other social events such as entertainment.
Though Dubai and Beijing have many advantages and different life perspectives, the price of an apartment for rent or sale in Dubai is much higher than in Beijing. Therefore, the potential return on investments of such sort, and the initial and further costs of properties in Dubai should be considered by Chinese investors.